Baring Bank Case free essay sample

The Fall of sanngs sank The story of Barings Bank shows how overconfidence, coupled with poor internal control, can even bring down an historic financial institution. Below we provide a few teaching points. Nick Leeson seemed to have all the characteristics of an overconfident trader. As described in the chapter, excessive trading, lack of diversification, and too much risk were obviously present. Self-attribution bias seemed to play a major role. One commentator notes that Leeson got overconfident after initial trades were successful and] when he started to lose money, got way too aggressive trying to make it up. When Leeson was asked about his actions, he explained that l was determined to win back the losses [ ] I was well down, but increasingly sure that my doubling up and doubling up would pay off , thereby overestimating his abilities by thinking he could outperform the market even after severe losses. A case study into the affair concluded that it was overconfidence that led N ick Leeson to bet his reputation. We will write a custom essay sample on Baring Bank Case or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page But, as Saul Hansell of The New York Times stated, It isnt Just rogue traders loose annons stretching internal rules on trading desks who have destroyed their investors wealth. Money managers who play by the rules can get caught up short, too, when they fall to overconfidence about their mastery of the markets. He further wrote that, It is no secret that traders, as a class, are a young, independent and cocky bunch. The sheer size of the money they are Juggling can lead toa master-of-the- universe attitude. The Fall of Barings sank Barings Bank was founded in 1762 as the John and Francis Baring Company by Sir Francis Baring. This bank was the oldest merchant bank in London, financed the Napoleonic Wars, and was the Queen of Englands own bank. In 1996, one man, Nick Leeson, managed to bring down Barings Bank, one of the oldest and most conservative financial institutions in the world, through his illicit trading activity. In 1989, Leeson Joined Barings Bank. After being transferred to Jakarta, Indonesia to sort through a back-office mess involving EIOO million of share certificates, Leeson solidified his reputation within Barings when he successfully rectified the situation in 0 months. Lesson also knew how to account for derivatives, even if he did not fully understand the complexities of their pricing. Therefore, in 1992, when Barings opened a new office in Singapore to trade on the expanding Singapore Mercantile Exchange (SIMEX), Leeson became an obvious candidate to manage it. Senior management at Barings Bank assumed that Leeson would turn the Singapore office into a highly profitable endeavor and therefore gave him extensive responsibility. As eliminated the necessary checks and balances usually found within trading rganizations. Soon he was Barings Banks star Singapore trader, bringing in substantial profits from trading on the Singapore exchange. By 1993, Leeson had made more than Elo million, about 10% of Baringss total profit for that year. In 1994, he delivered over half of the E52. 9 million in revenue for his division on his own, making many proclaim him as the miracle worker. In his autobiography Rogue Trader, Leeson said the culture at Barings was simple: We were all driven to make profits, profits, and more profits I was the rising star. Aided by his lack of upervision, the 28-year-old Nick Lesson promptly started unauthorized speculation in futures on the Nikkei 225 stock index and Japanese government bonds. SIMEX regulators were aware of Leesons cross-trading activities, and his breach of their exchange regulations, but did not act decisively to stop him. Leesons large trading volumes were quickly becoming important for the exchange, and being a lightly regulated market was central to SIMEXs stra tegy to woo trade from neighboring Osaka. Using futures contracts, Leeson speculated that the Nikkei would rise.

Augustine essays

Augustine essays Augustines views on sin and sexuality were expressed in his writings, such as The Confessions, which later contributed in the birth of the Roman Catholic theory. As a young boy he was sexually active and he had a son when he was a teenager. Later on, he joined the Manichean sect, who believed that having children corrupted the world even more. These beliefs shaped his view that if a man marries he should have children, but that will prevent the full development of his mental and spiritual capacities. Pelagianism influenced Augustines ideas and views on sexuality; the belief that man can will himself to do good and that everyone was responsible for their own sins and actions. Augustines opponents believed that marriage and sexuality was linked to original sin, so therefore marriage and sexuality was condemned. Also, they believed that a newborn was sinful because he was conceived through a sinful act. As a defender of marriage, Augustine was careful not to imply! that a biological transfer of the parents sinfulness to the child existed. The way Augustine viewed a woman was a baby-making machine. Augustine felt that marriage was good if the intention was to have children, but sinful and wrong if marriage is used to fulfill ones desires and satisfy ones lust. ...

Foundation of Criminal Law Essay Example | Topics and Well Written Essays - 1000 words

Foundation of Criminal Law - Essay Example 31 (issued in 1970),  that defined recklessness as: " A person is reckless if, (a) knowing that there is a risk that an " event may result from his conduct or that a circumstances may " exist, he takes that risk, and (b) it is unreasonable for him to take " it, having regard to the degree and nature of the risk which he knows " to be present." With this definition, Lord Edmund-Davies explains that recklessness entails having a foresight of the outcome or its consequences, along with the â€Å"objective judgment of the reasonableness of the risk taken.3† Thus, Metcalfe and Ashworth differentiate Lord Edmund-Davies’ discussion with that of Lord Diplock’s speech saying that it lacked the supporting statutory interpretation.4 Metcalfe and Ashworth also pointed out the considerations made by the House of Lords in the R v G case. Lord Bingham stated that the Caldwell decision misconstrued the statute, particularly Section 1(1) of the 1971 Act5 and went against the ru le requiring that there be a â€Å"subjective mens rea† in case of serious crime conviction, leading to unfair results that might be â€Å"neither moral nor just.†6 Lord Steyn on the other hand, focused on the injustice of using Caldwell decision to children, citing the UN Convention on the Rights of the Child.7 The commentary also discussed the meaning of â€Å"recklessness† as ascribed by the House of Lords in the R v G decision. Lord Bingham adopted the definition cited in the draft criminal code of 1989 wherein a person is said to act recklessly if â€Å"with respect to (i) a circumstance when he is aware of a risk that it exists or will exist; (ii) a result when he is aware of a risk that it will occur; and it is, in the circumstances known to him, unreasonable to take the risk.†8 Metcalfe and Ashworth explains that from this definition, it can be deduced that â€Å"any awareness of any degree of risk satisfies the definition, and that the judgment of the unreasonableness of  a risk (when that issue is contested) is for the tribunal of fact.†9 With this, they foresee that this same definition may be used uniformly throughout the criminal law, except for judges who would substitute the term â€Å"reckless† with â€Å"gross negligence† necessary in a manslaughter conviction.10 Finally, Metcalfe and Ashworth discusses the question of legal policy as regards the liability of children, taking into consideration the differing standards applicable to children and mentally disordered people, from that of adults who are of sound mind and hence, should have been aware of the need to take care. In this case, they opined that the courts still sustain â€Å"strict liability for offences that may carry prison sentences of some length† and state that the legislature has emphasized on the objective standards especially in the Sexual Offences Act 2003, in that they introduced the â€Å"test of ‘absence of re asonable belief’ in consent to replace the previous recklessness requirement.†11 With this discussion of Metcalfe and Ashworth, it raised more questions than answers in definitely identifying the elements to be considered in criminal liabilities involving recklessness. Their discussion was not able to persuasively argue that indeed a different standard should be applied especially those concerning children, or having a subjective approach to the circumstance of a child or person at the time the act committed, rather than seeing a circumstance from an objective point of

Thomas Hobbes views on Hate Crimes Research Paper

Thomas Hobbes views on Hate Crimes - Research Paper Example In relation to this, aversion refers to the state of being repelled by the object that one hate and this refers to the presence of the object, which in turn leads to the hate for the object (Herbert 98). The above is a strong view on hate crimes in that it is based on this that he is able to place a distinct definition to depict the difference between love and hate, and how the two relate to one another. This is by definition of the presence and absence of all the aspects of an object or the object in its entirety to e hated or loved. As such, hatred is the presence of that which one would like to avert from, as well as the presence of aspects that are of negative appeal to the person in question. Hobbes view goes as far as stating that without the presence of order in an indefinite manner is likely to cause the perpetration of conduct and actions that people please to do. With this in mind, the crimes of hate are brought out in terms of the presence of order, in which case order is meant to restrict the general overview of hate in relation to aversion and the presence of undesirable elements in an aspect of an object or the object as a whole. As a result, Hobbes is of the view that laws or orders are the determinant of the perpetration of hate crimes, in which case they are used and are meant to act as restrictions towards people’s behaviors by constraining their desires (Vaughan 61). This is in relation to what they find pleasant or unpleasant, in which case order is the ultimate determinant of human behavior, where it dictates that which can be liked and to what extent. In addition, it determines what can be done and that, which cannot be done in relation to the hatred of the events that culminate in the hatred and what relates to the hatred occurring towards an object. As a result, Hobbes is of the view it is order that blocks unfavorable human conduct in relation to hate crimes making order the one way that hate crimes are avoided, and even eliminat ed altogether. In addition, the crimes of hate, according to Hobbes, morality is the main aspect that determines the application of love and hate, in which case, the two are based on being fit. As such, the fittest means to conduct life is termed to be the promotion of personal wellbeing, where this is the consequent of the derivation of morality from prudence (Replogle 571). This is to mean that Hobbes view on crimes of hatred is the presence of logic and morality to direct the behavior of a person as it is through logic, or rather reason that a person can direct him or herself in a responsible manner. Responsibility, according to Hobbes, is conduct that appealing to the logic of the social environment, in which case it is the social environment that determines the correctness and wrongness of one’s conduct (Michaelis 105). In addition, it is according to reason that crimes of hatred can be corrected as man can be shaped or influenced by the same environment to conform to it s moral standards, or even come up with his or her own moral codes that are based on prudence, reason and logic. As such, he brings up his view on the role of the society on influencing hate crimes, as a gauge for right and

The benefits of employees embracing and understanding the employers Research Paper

The benefits of employees embracing and understanding the employers CORE values - Research Paper Example When employees understand the company core values, they prove aligned with the company’s objectives. Values are long-term drive for mission and goal achievement. When these values are well formulated, stated, and understood, they make a business prosper. Concisely, values have played inevitable roles in a company such as, guiding business processes, articulation what the company stands for, governing and controlling employees relationships and guiding the organization on how to reward employees and the society as a whole (Rossenfield, 2009). They also offer guidelines on how to teach and train employees and decision-making. Values are thus key aspects for every organization focused towards organizational goals and objects as they contribute significantly to these. Benefits of core value It is arguable that, a company with well-set and understood cores value performs excellently. This is for the reason that, the working atmosphere is restricted by those principles; processes ar e conceded out within the standards. This makes sure that employees remain focused on the mission of the company. As a result, assets are well utilized, and high profits are acknowledged. When employees understand and work within the company value, they feel that their working environment is favorable. As such, the employee will show their increased interest to work for the organization for a long time (Blanchard, 2009). In return, there is talent retention and prospective employees with new talents and technology would be very willing to join such an organization. When a company has high employees’ retention, it cuts down on costs associated with recruiting and retraining new employees. Furthermore, core values persuade best people into a company by attracting, advancing, and maintaining the excellent personnel. Values test employees and consequently subject them to a constructive approach towards tribulations and decision-making processes. When employees identify with and h old on to the core values, customers are happy and willing to be linked with the company. As a result, customers have a propensity to purchase more, purchase time after time, and even share the experience amongst friends who come to purchase to have a feel of the company. This tightens the connection between the customer and the business hence a long-term bond between the company and the customers. This guarantees client value formation by remaining receptive and focused to customer needs and value delivery (Rossenfield, 2009). Core values ensure that there is one global network and a standard product. For example, if a company has several branches or outlets, these core values are applicable to all its outlets, therefore, maintaining a standard product quality and services (Blanchard, 2009). This creates a condition whereby customers experience exceptional service. In addition, core values govern employees’ personal relationships as they lay the platform on how interactions are to be done. The explanation of this is that the set code of conduct in the company helps create a healthy relationship. When employees behave as expected, chances of conflicts are minimal, eventually helping each of them to present their expected results towards the company’s growth. The management have smooth running because theirs is a clear cut on how employees should respond to their supervisors therefore, it enhances obedience and respect in a company.

The debate of nature versus nurture

The debate of nature versus nurture Debate on nature versus nurture focuses on individuals innate attributes also known as innatism as compared to personal experiences, also called empiricism, in influencing or determining personal differences in behavior and physical traits. Nature relies on the biological/genetical composition of individuals in determining behavioral as well as physical attributes on an individual. Genes originate from the parents and are unique between persons. The nurture orientation in shaping an individual focuses on the influence on a contextual environment of an individual in determining the attributes and character to be developed (Cummings, 2008). Introduction In context of homosexuality, the nature concept determines the possibility that a certain genetical combination during fusion of sex chromosomes naturally predisposes an individual to homosexuality. The implication is that a homosexual is born so and as such, any form of discrimination directed towards the homosexual is an issue of civil right since one did not choose to be so. On the other hand, the nurture concept displays homosexuality as a behavior instilled by the environment within which a person grows or interacts with. As such the parental, peer and other social environment, may contribute to homosexual attributes exhibited by an individual (Bozett, 1989). It can be easily understood that the physical characteristics are inherent from the parents, but its practically hard to comprehend that the behavior of an individual depends fully on the behavior of the parents such that it is genetically inherited. Studies indicate that a nature-given talent, ability or attribute can be e nhanced or inhibited by the environment in which a person grows in. As such both aspects of nature and nurture are in play in shaping an individual. Discussion Natures influence on homosexuality According to Shaffer (2008), siblings do inherit various physical characteristics directly from the biological parents. The traits may include eye color, height as well as predisposition ailments that are physical. Drawing from this later statement, human beings can as well inherit certain mental traits and attributes from biological parents. Mental characteristics may include susceptibility to attacks by certain mental disorders. Homosexuality, a personality attribute, is a mental state within a person that urges the person to have intimate relationship with individuals of the same sex/gender. As such, the mind of a homosexual houses an acquired composition or an orientation. The orientation to homosexuality may be coined in the autonomy or the divergent thinking characteristics all of which can be inherited from the parents. Indeed what society inculcates to people deprives people of their possible autonomy and divergence in thinking that would have developed them to completely dif ferent people. According to Nardi Schneider (1998), there is a biological relationship between personality of resultant sibling and the parents. For example, extroversion, which is the social and outgoing character in a person and neuroticism, which is the moody and over sensitivity behavior in a person. Furthermore, researches indicate that schizophrenia which is a psychological disorder characterized by confusion, delusions and scattered thoughts is genetically inherited. In fact, if a family member has the disorder, there is a possibility of there being others in the lineage. In addition, major depressions and alcoholism, which are psychological disorders has also been found to be hereditary whether the social environment is changed or not, (Soble, 2002). There is therefore a possibility of a gene that is independent of the larger society and defies the society to manifest itself in homosexuality. It is however important to note that from the Minnesota registry and Australian Registry twin studies, only thirty eight and thirty percent gay and lesbians respectively resulted from their twin brother/ sister being gay or lesbian (Brewer, 1999). From the studies, it can be deduced that the correlation is not perfect since it is not a hundred percent. As such, it may be suggested that g enes influence indirectly, though on average do not account for homosexuality sexual orientation. The aforementioned discussion leads to a conclusion that though the genetical passing over of human attributes contribute to homosexual habits; still there is/are other aspects in play to homosexuality. As such, while dwarfs, supermen and superwomen can blame their physical characteristic wholly on genetical combination, homosexuals cannot. The indication is that homosexuality is partly contributed by a decision and choice for it. Choice and decision comes to play with environment exposure which depicts the larger perspective of nurture. Nurtures influence on homosexuality The environment within which an individual grows and develops in has an influence on the resulting personality of such individuals (Mathew et al, 2003). Indeed, the development of language to be spoken is learnt from the interaction with the environment of an individual. The environment will include the physical as well as the social aspects of an individual. For example, a research conducted by Robinson in fiscal 1982 on the influence of nurture to homosexuality had the following details. Methodology The participants included two hundred and eighty five gay and forty seven lesbians from DIGNITY association, a homosexual association in USA. Each participant received a questionnaire via mail, responded to it and mailed it back to the researchers. The questionnaire assessed the couple status, past family life, demographic information as well as parental relationship with the individual respondents. The respondents were from diverse faith including Catholic, Protestant and atheism whose level of education was between high school and doctorate levels. Findings and discussion Seventy six percent of all respondents expressed their early life as full of care and love from their parents compared to twenty four percent who felt that their early life was unbearable. In addition, more than eighty percent expressed their parents approval of their behavior as they grew up as well as the current behavior as homosexuals. The findings reveal individuals whose family setups availed the care that children require while growing up. Socially, their parents supported them by offering approval of their conduct as they grew up. The implication is that homosexuality does not result from a neglected and unsociably individuals but from people who fit in the societal context. Furthermore, the participants expressed their parents satisfaction on the life and behavior of homosexuality that they had adopted. This further implies that homosexualitys acceptability was evident. The homosexuals who participated in this research indicate that the urge to homosexuality was not as a res ult of a mental force beyond their control but as a choice that they had made. Their level of education indicates that they would have changed their sexual orientation if they wanted but their energy was directed to making their relationship with homosexual partners stronger (Jones Yarhouse, 2000).). The deduction is that since homosexuality is a mental state in an individual and not a physical attribute, learned individuals, if they wish, can change if they suspect the behavior is a vice. The role of the environment comes to play in the sense the homosexuals gain acceptance by the parents and numbers. Moreover the religious faiths that represent a stronghold in many societies upheld homosexuality. Indeed, the support from the parents and the church accounts for a societys support. The aspects that the environment avails to human beings provide experiences for adoption in life (Schein Bernstein, 2008). These experiences shape the behavior of individuals. If the contextual society do not support expression of some behavior, the only possibility that such behaviour would sprout is if the behavior is genetically inherited or if the individuals displaying it are strong enough to accept the deviant labeling from the society. Conclusion In exploring the classification of factors that shape the behavior, many contemporary researches appreciate the role of both nature expressed in inherited genes as well as the nurture expressed as environmental experiences. Inherited mental characteristic need to be exercised and enhanced in the environment for it to be successfully propagated to the future generations. The culture which is the framework within which nurture takes effect definitely has a role to play in shaping up an individuals behavior. It is important for individuals to evaluate themselves and as independent entities compare their behavioral attributes to determine their compatibility with the environment. There may be instances when individuals display behaviour that is ideally unacceptable and hence such individuals would need to conform to the environment. In some other instances, individuals may need to explicitly explain their traits if they are ideally acceptable to fit them into the contextual environment. Either way, the influence of the environment display natural ways of eliminating expression of behaviour that is harmful in the environment. The genesis of homosexuality and indeed its acceptability remains both a nature and nurture contribution until other studies find it different (Boswell, 1981).

Extinct Animals Research: Woolly Mammoth :: essays research papers fc

Extinct Animals Research: Woolly Mammoth   Ã‚  Ã‚  Ã‚  Ã‚  We have learned much about the Woolly Mammoth almost more than any other dinosaur that has been identified. Due to the fact that the Woolly Mammoth so closely resembles today's elephants, care for them would most probably require most of the same factors to keep it alive. Since the Woolly Mammoth has been extinct for 4000 years, it is difficult to tell exactly what they lived on, but we can hypothesize.   Ã‚  Ã‚  Ã‚  Ã‚  The Woolly Mammoth lived during the Ice Age, so if alive today, it must be kept in a tundra environment. For food, only basic tundra vegetation is necessary. Due to the thick pelt that the Woolly Mammoth has, any known Ice Age temperatures would suffice since the thick fur protects the animal in any extreme temperatures.   Ã‚  Ã‚  Ã‚  Ã‚  Large enclosures would not be needed as they would be for a normal elephant since the Woolly Mammoth is only three meters high. The huge tusks would allow it to scavenge for its own food, so no special feedings would be necessary. Feedings would also be needed on a less frequent basis since the Woolly Mammoth, much like today's camels, keeps under its sloping back a thick layer of blubber as nutrition when food was not needed.   Ã‚  Ã‚  Ã‚  Ã‚  The problem in keeping a creature such as the Woolly Mammoth in a zoo- like surrounding would be poachers. Due to the endangerment of such a magnificent species, poachers of pelts and ivory would most certainly be after it's huge tusks and thick furs, so it would be necessary to post guards around it's cage at all times.   Ã‚  Ã‚  Ã‚  Ã‚  A large-scale habitat would be constructed for this creature since, during the period it lived, the Pleistocene, there were no restrictions on the places it could roam to. There was nothing stopping this beast from stomping along to wherever it wanted to go. A Woolly Mammoth might find it peculiar to be stuck in a twenty foot ice field with no predators or other animals whatsoever.

Legal Research

Samaritan Smith slipped and fell on shampoo that had spilled In the health and beauty department of the grocery store in question. Ms. Smith had suffered a broken hip from the incident and is going to be spending the next few months in physical therapy. Ms. Smith has no health insurance and is a single mother of a 2 year old boy. After our complaints were filed In the courts; the grocery store alleges that Ms. Smith had a duty herself to avoid the spillage, but was too distracted by her young son to notice. The store feels that Ms. Smith should be held just as responsible as hey are in the case.The question being presented today, Is If both parties Involved are equally responsible? Ms. Smith does in fact possibly hold some sort of comparative fault in this case. The grocery store did complete their scheduled aisle check Just thirty minutes before Ms. Smith slipped. INDO. Code Ann. 534-51-2-5 (WEST 1998) states that â€Å"In an action based on fault, any contributory fault chargeable to the claimant diminishes proportionately the amount awarded as compensatory damages for an injury attributable to the claimants contributory fault, but does not bar recovery†.There are several factors in that can place Ms. Smith with comparative fault. The biggest fact being that she was not paying attention, because she was dealing with her 2 year old son. It does not seem that the store is not at all responsible for the injuries she sustained. Yes, the aisle check was done at the scheduled time, but it was checked by an older gentleman that wore prescription glasses. As in Wall-Mart v. Wright, 774 EN ad 891 (2002) where Wright was found at comparative fault and awarded 30% less In damages, this too could be the case with Ms. Grants Ms.Smith states negligence on the grocery stores behalf, but she too had a duty to pay attention to her surroundings. The grocery store in question has documented proof of an aisle check being done at 1 p. M. The shampoo could have spilled anyt ime between 1:00 and 1:30 p. M. In conclusion Ms. Smith could very well hold some comparative fault if the grocery store can prove that she was distracted enough by her child, that she was unable to notice the spillage. [Where are the headings in your memo? I have no idea where your memo components are. ] Wall-Mart stores Inc. V. Got, 774 EN ad 891 (2002) Wright originally sued Wall-Mart for Injuries she sustained when she slipped and fell on a puddle of water in the â€Å"Outdoor Lawn and Garden Corral†. Wright insisted Wall-Mart was negligent in the maintenance and inspections of the premises. Wright was found at comparative fault for not doing her duty as an Individual and shopper and paying attention In an area of the store where it was common for water to be on the ground. Description Weighting Possible Points Points Earned Content Student located a statute from the appropriate Jurisdiction.The statute that the dent located is on the appropriate issue and applied to the fact situation. Student provided proper citation of statutes. Student located a case from the appropriate Jurisdiction that interprets the statute. 32 Sentence Mastery Sentences are consistently grammatical. Major sentence-level errors, including fragments, run-eons, and comma splices, are avoided. Sentences are graceful, I. E. , they can be read aloud without awkwardness, awkward pauses, or running out of breath. Language is rich, precise, and vivid. 6 Grammar and Mechanics Spelling is proficient. Spellchecker has been used to avoid egregious errors.Grammar and mechanics are sound, including mastery of the following key elements: subject-verb agreement; verb form; appropriate punctuation and capitalization; apostrophe use; appropriate word use. There are no extra words, and there are not missing words. Organization and Format Organization and structure are clear and easy to follow. Writing shows clear purpose and orderly transitions from beginning to end. Sentences consistently est ablish this organization and flow rather than interrupt it. Format meets PAPA guidelines and Bluebook rules as appropriate, including use of title pages.There is no playful experimentation with fancy fonts. It is written for the appropriate audience. Citation Style Writing shows both internal citations in the body of the text as well as a proper list of references at the end of the paper, following PAPA or Bluebook format. Citations appear consistently where needed, whether following quoted or paraphrased material in the text. Note: In papers requiring secondary sources, failure to provide any citation does not result in a deduction of 10% from the paper, but will result in a failed paper and a plagiarism investigation.Total: 100% 60] Possible Points [50] Points Earned Additional Instructor Comments: FRIAR for Samaritan Smith scenario Facts [Your own paraphrase of the facts of Smith's problem in one or two paragraphs. This goes to the Analysis section, so do not skimp. ] Issue [Your own statement of Smith's problem in a single sentence in yes or no format. For example, â€Å"Can Samaritan Smith recover for the damages she endured as the result of a slip and fall at a local grocery store where shampoo had leaked upon the floor? â€Å"] Rule The citations and holdings from the two cases you located (one in Unit Three and one

ESL Dialogue About Having a Hard Time Finding a Job

ESL Dialogue About Having a Hard Time Finding a Job Original Conversation Mark: Hi Peter! How are you doing these days?Peter: Oh, Hi Mark. Im not doing very well, actually. Mark: Im sorry to hear that. What seems to be the problem?Peter: ... you know Ive been looking for work. I cant seem to find a job. Mark: Thats too bad. Why did you leave your last job?Peter: Well, my boss treated me badly, and I didnt like my chances of advancing in the company. Mark: That makes sense. A job without opportunities AND a difficult boss isnt very attractive.Peter: Exactly! So, anyway, I decided to quit and find a new job. I sent out my resume to more than twenty companies. Unfortunately, Ive only had two interviews so far. Mark: Have you tried looking online for a job?Peter: Yes, but so many of the jobs require moving to another city. I dont want to do that. Mark: I can understand that. How about going to some of those networking groups?Peter: I havent tried those. What are they? Mark: Theyre groups of people who are also looking for work. They help each other discover new opportunities.Peter: That sounds great. Ill definitely try some of those. Mark: Im glad to hear that. So, what are you doing here?Peter: Oh, Im shopping for a new suit. I want to make the best impression possible at my job interviews! Mark: There you go. Thats the spirit. Im sure things will look up for you soon.Peter: Yes, youre probably right. I hope so! Reported Conversation Mark: I saw Peter today.Susan: Hows he doing? Mark: Not too well, Im afraid.Susan: Whys that? Mark: He told me had been looking for work, but hadnt found a job.Susan: That surprises me. Was he fired or did he quit his last job? Mark: He told me his boss had treated him badly. He also said he didnt like his chances of advancing in the company.Susan: Quitting doesnt sound like a very wise decision to me. Mark: Thats true. But hes been working hard at finding a new job.Susan: Whats he done? Mark: He said he had sent out his resumes to more than twenty companies. Unfortunately, he told me that only two had called him for an interview.Susan: Thats tough. Mark: Tell me about it. However, I gave him some advice and I hope it helps.Susan: What did you suggest? Mark: I suggested joining a networking group.Susan: Thats a great idea. Mark: Yes, well, he told me he would try a few groups.Susan: Where did you see him? Mark: I saw him at the mall. He told me he was shopping for a new suit.Susan: What?! Buying new clothes and no work! Mark: No, no. He said he wanted to make the best impression possible at his job interviews.Susan: Oh, that makes sense. More Dialogue Practice - Includes level and target structures/language functions for each dialogue.

Profile Example

Profile Example Profile – Essay Example Personality Profile: Gary Desir Gary Desir is not your typical college He may sport as a typical but there is more than him that meets the eye. He may frequent the club as any young man his age or immersed in movies and music as anybody would do, but that is not all him. He may look like a social butterfly but he knows his priority – to get an International Business Degree from Johnson and Wales University. H ecould play tought being a football player, but he is more than the sport. He does all this and having fun because he wants to make the most out of life but he does not lose sight of his goal. As he said â€Å"eyes on the price† meaning not to forget the degree even if he indulges with what life can offer. He may look like indulgent but that does not scratch the surface. Even as he enjoy life and enrolled in one of the prestigious universities in the country, He is actually a grateful man. He knows and he does not forget that he is lucky to have the life that he h as. He is no stranger to struggles because his father came from Haiti who experienced hardship but made it in life. He is thankful for his father for making his life better and intends to make it better by getting a degree and becoming a successful entrepreneur someday.

Whale Printing Company Case Study Example | Topics and Well Written Essays - 500 words

Whale Printing Company - Case Study Example The case is about a printing company that has been offered a job to print 10,000 copies of a marketing brochure within five days. The printing company has been offered a price of $700 for the job and this report analyzes the cost of the job and its benefits to the company and then suggests what decision should be taken by the President of the company, Victory Hussey. In addition to this, the report also analyzes non-accounting factors that could influence the decision of Victory Hussey while accepting or rejecting the job. Victor Hussey is the president of a printing company known as Whale Printing Company and he has been offered a job by the president of Salter Associates, Katherine Salter. The job is to print 10,000 copies of a promotional brochure but the deadline of the project is tight and it has to be completed by Friday noon. Price agreed by the Katherine Salter previously is $700 for the printing work and Hussey has to either accept the job or reject it. The following table explains the cost of this project which includes; direct labor, direct material, overheads as well as the selling and administrative expense for Whale Printing Company. As the total cost of the project is $810 whereas the revenue of the project earned would be $700, therefore by accepting the project, Whale Printing Company would have to incur a loss of $110. Therefore the job offered by the president of Salter Associates, Katherine Salter should not be accepted. Variable costs are the costs that would change with changes in the output of the company and as company produces more or increases the output, variable cost of the company would increase. Whereas, fixed costs do not vary with the changes in output of the company and as output increases, fixed cost of the company remains fixed (Khan, 1993). If the job is not completed on time, then it would hurt the image of the company and customers might not trust the wordings of Mr. Hussey in future. It is important to built long term customers for every company instead of looking for short term profits and as the deadline of the project is tight and if it is accepted and deadline is not met, then it would be a long term loss for Whale Printing Company. Plus the project itself is not acceptable in terms of profitability; therefore there is no reason why Mr. Hussey should accept the job.

Pharmaceutical Industry in United States Assignment

Pharmaceutical Industry in United States - Assignment Example The Company conducts business in virtually all countries of the world with the primary focus on products related to human health and well-being. The paper presents the financial ratio analysis of Johnson & Johnson for the past three financial years and highlights its financial outlook. The ratios presents the company’s financial outlook is strengthened and is able to manage its finances prudently. The ratio analysis shows that the company has enough liquid assets through which it can pay off its liabilities and also can finance its operation for the foreseeable future. Moreover, the company is efficient enough, as represented by the ratios, to reduce its cash operating cycle and convert its sales into money quickly. The analysis shows that it would be prudent to invest in the company as the shareholders can earn significant return through capital gain, by disposing the shares later, and also through dividend. Introduction to the Pharmaceutical Industry in United States The top of the worldwide pharmaceutical market is the US and it is expected to hit almost $345 billion in 2014. The second largest market is the Japanese market and then the European market including Germany France, and Chinese market (Market line industry guide, 2012). However, the International Federation of Pharmaceutical Wholesalers (IFPW) shows that growth rates in developed and developing markets based on their capability to recover from the economic crisis is significantly inconsistent. According to the research of Urch Publishing (2012), the global pharmaceutical industry in 2014 is expected to be worth over $1 trillion with a 5% compound annual growth rate. The pharmaceutical industry becomes more competitive. Major competitor companies Company HQ location Pharmaceutical Segment Sales Total revenue Share of pharmaceutical segment $Million $Million % Johnson & Johnson US 25,400 67,224 38% Pfizer US 51,214 58,986 87% Novartis Switzerland 32,153 56,673 57% Merck US 40,601 47,267 86% Roche Switzerland 35,200 45,500 77% Sanofi-Aventis France 39,940 42435 94% AstraZeneca UK 43,143 43,143 100% GlaxoSmithKline UK 27,758 40,722 68% Eli Lily US 19,934 22,603 88% Source: 2012 Annual Report of the companies As Table5 shows, the majority of the largest pharmaceutical companies not only focused exclusively on pharmaceutical products such as AstraZeneca and Sanofi-Aventis but also developed and manufactured other health care products. However, they still regard pharmaceutical partitions as the core of their business that offer over 50% of their incomes. However, Johnson & Johnson is an exception because its sales of pharmaceutical products are 38% of total sales. I will analyze GlaxoSmithKline firstly because it is significant competitor of AstraZeneca in the UK. GlaxoSmithKline (GSK) is a science-led global healthcare corporation researches and develops a wide range of innovative products. GSK is Britain’s biggest drug maker (Hirschler, 2012). A balanced synergisti c business, with multiple growths, drivers supporting a core pharmaceutical R&D operation (2010 Annual report, p3). It has three primary areas of business including Pharmaceuticals, Vaccines and Consumer Healthcare. It has created more diversified business for past five years. Moreover, delivery of sustainable growth across portfolios is GlaxoSmithKline’s objective. It has 87 manufacturing sites and R&D centers in the UK, USA, Spain, Belgium and China. Its purpose of R&D is to improve its pipeline products safely and efficiently to produce new medicines, which deliver improved treatments that